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Mortgage-Backed Securities - Investment Type (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Debt Securities, Trading and Available-for-sale [Abstract]    
Par Value $ 5,975,467 $ 3,236,285
Amortized Cost 6,151,247 3,522,256
Fair Value 5,583,757 3,112,705
Amortized cost 1,164,265 1,288,269
Gross Unrealized Gain 1,275 507
Gross Unrealized Loss (219,045) (181,853)
Fair Value 946,495 1,106,923
Amortized Cost 4,986,982 2,233,987
Gross Unrealized Gain 0 0
Gross Unrealized Loss (349,720) (228,205)
Fair Value 4,637,262 2,005,782
Residential Mortgage Backed Securities [Member]    
Debt Securities, Trading and Available-for-sale [Abstract]    
Par Value 5,853,691 3,104,498
Amortized Cost 5,844,730 3,150,873
Fair Value 5,298,271 2,762,878
Amortized cost 914,900 977,624
Gross Unrealized Gain 0 0
Gross Unrealized Loss (202,677) (164,949)
Fair Value 712,223 812,675
Amortized Cost 4,929,830 2,173,249
Gross Unrealized Gain 0 0
Gross Unrealized Loss (343,782) (223,046)
Fair Value 4,586,048 1,950,203
Commercial Mortgage Backed Securities [Member]    
Debt Securities, Trading and Available-for-sale [Abstract]    
Par Value 121,617 131,578
Amortized Cost 122,171 132,333
Fair Value 112,396 124,690
Amortized cost 106,892 117,031
Gross Unrealized Gain 0 0
Gross Unrealized Loss (7,791) (6,474)
Fair Value 99,101 110,557
Amortized Cost 15,279 15,302
Gross Unrealized Gain 0 0
Gross Unrealized Loss (1,984) (1,169)
Fair Value 13,295 14,133
Interest-Only-Strip [Member]    
Debt Securities, Trading and Available-for-sale [Abstract]    
Amortized Cost [1] 184,187 238,841
Fair Value [1] 172,987 224,985
Amortized cost 142,314 193,405
Gross Unrealized Gain 1,275 507
Gross Unrealized Loss (8,521) (10,373)
Fair Value 135,068 183,539
Amortized Cost 41,873 45,436
Gross Unrealized Gain 0 0
Gross Unrealized Loss (3,954) (3,990)
Fair Value 37,919 41,446
Interest-Only-Strip, Agency CMBS [Member]    
Debt Securities, Trading and Available-for-sale [Abstract]    
Notional balance 7,814,762 9,711,981
Interest-Only-Strip, Non-Agency CMBS [Member]    
Debt Securities, Trading and Available-for-sale [Abstract]    
Notional balance 4,159,373 6,280,761
Non-Agency MBS    
Debt Securities, Trading and Available-for-sale [Abstract]    
Par Value 159 209
Fair Value 103 152
Amortized cost 159 209
Gross Unrealized Gain 0 0
Gross Unrealized Loss (56) (57)
Fair Value $ 103 $ 152
[1] (1) The notional balance for Agency CMBS IO and non-Agency CMBS IO was $7,814,762 and $4,159,373, respectively, as of September 30, 2023, and $9,711,981 and $6,280,761, respectively, as of December 31, 2022.